Neon Energy Flows Gas from Offshore Vietnam Well

Neon Energy Limited has encountered gas at Cua Lo-1 exploration well, located in Block 105-110/04 offshore Vietnam.

The company said that it is encouraged by the presence of gas encountered in the zones drilled to date.

The presence of hydrocarbon gas bearing formations will be confirmed after collection of reservoir samples during wireline operations, while reservoir deliverability will only be determined by production testing.

A decision regarding production testing will be made after reaching the proposed Total Depth (TD) and evaluation of wireline data and retrieved fluid samples is complete.

The Cua Lo-1 well is designed to test the Cua Lo gas prospect, which comprises five clastic reservoir targets ranging in age from Lower Pliocene to Upper Miocene. 

Partners in the project are Neon Energy, Eni and KrisEnergy.